1st Midamerica Credit Union Mobile Deposit Funds Availability
1st Midamerica Credit Union has been providing top-notch financial services to its members since 1934. In today's fast-paced world, the credit union recognizes the importance of convenience and accessibility, which is why they offer mobile deposit services to their members. With mobile deposit, members can easily and securely deposit checks into their accounts using their mobile devices.
How Does Mobile Deposit Work?
Mobile deposit is a convenient way to deposit checks without having to visit a branch. Here's how it works:
- Log in to your 1st Midamerica Credit Union mobile banking app.
- Select "Deposit Checks."
- Enter the amount of the check.
- Take a photo of the front and back of the check.
- Submit the deposit.
It's that easy! Once the deposit is submitted, you will receive a confirmation that the deposit has been received and is being processed. The funds will typically be available within two business days, depending on the type of check and how long it takes to clear.
Funds Availability
1st Midamerica Credit Union understands the importance of quick access to funds, which is why they strive to make funds available as soon as possible. However, there are some factors that can affect the availability of funds.
When you deposit a check using mobile deposit, the funds will typically be available within two business days. However, there are some exceptions:
- Checks that are larger than $5,000 may take longer to clear.
- Checks that are not payable to you may take longer to clear.
- Checks that are returned unpaid may result in a hold being placed on your account.
If a hold is placed on your account, you will be notified of the hold and the reason for the hold. The hold will typically be released after the check clears, but it may take up to seven business days for the hold to be released.
Benefits of Mobile Deposit
Mobile deposit offers a number of benefits to 1st Midamerica Credit Union members. These benefits include:
- Convenience: Mobile deposit allows you to deposit checks from anywhere, at any time.
- Accessibility: You no longer have to visit a branch to deposit a check.
- Security: Mobile deposit is a secure way to deposit checks, as the app uses encryption to protect your information.
- Time savings: Mobile deposit saves you time by eliminating the need to visit a branch.
- Faster access to funds: With mobile deposit, you can access your funds faster than you would with a traditional check deposit.
Conclusion
1st Midamerica Credit Union's mobile deposit service offers a convenient, secure, and accessible way to deposit checks into your account. With fast access to funds and a user-friendly app, mobile deposit is a great option for those who want to save time and avoid the hassle of visiting a branch. Just remember that there may be some exceptions to the two-day availability of funds, so be sure to check with the credit union if you have any questions or concerns.